Land valuation by Land Bank under RA 6657

Just compensation must consider multiple factors including:
- Cost of acquisition of the land.
- Current value of similar properties.
- Nature and actual use of the land.
- Income generated from the land.
- Sworn valuation by the landowner.
- Tax declarations and government assessments.
Additional factors include:
- Social and economic benefits contributed by farmers, farm-workers, and the government.
- Consideration of non-payment of taxes or loans from government financing institutions.

Compensation amount is agreed upon by the landowner, DAR, and LBP based on the criteria outlined in Sections 16 and 17 of RA 6657 and other relevant provisions.
If parties cannot agree, the just compensation may be finally determined by the courts.

LBP employs commercial banking personnel with expertise in appraising agricultural properties.
This expertise enhances the accuracy and efficiency of land valuation and compensation.
LBP is authorized to augment its manpower resources to effectively implement these responsibilities.

DAR retains its role in identifying priority landholdings for coverage under the Comprehensive Agrarian Reform Program.
DAR uses LBP's valuation and compensation determinations to proceed with land acquisition and distribution.

The Executive Order explicitly states it does not diminish the rights or remedies available to landowners or agrarian reform beneficiaries under RA 6657.

The Executive Order took effect immediately upon issuance.
It aims to streamline the administration procedures of land acquisition and distribution within the Comprehensive Agrarian Reform Program by clarifying responsibilities between LBP and DAR.